Ethereum price extended losses, testing the $2,380 support. It is now below $2,500 and faces hurdles around the $2,520 level and the 100-hourly Simple Moving Average.
Ethereum experienced a decline below $2,250, reaching as low as $2,379 before beginning a recovery. Despite moving past $2,500, it couldn't surpass $2,520, indicating resistance.
A rise above $2,600 could lead to further gains, possibly reaching $2,750. However, failure to clear $2,520 might result in a decline toward $2,320, with $2,250 as the next support.
The MACD for ETH/USD is slowing in the bullish zone, and the RSI is near 50. Major support and resistance levels are $2,450 and $2,520, respectively.
